EXEC: The BasicNet Group Adds Woolrich to Brand Family in €40 Million Acquisition
EXEC: Merrell and Saucony Can Only Watch as Parent’s Stock Falls on Soft Outlook
EXEC: Smith Optics Sees Solid NA DTC Growth in Q3; Sport Shops Hurt by China Deliveries
EXEC: Kontoor CEO Sees Helly Hansen Moving into Q4 with “Incredible Momentum”
EXEC: Newell Outdoor & Recreation Segment Sees Sales Stabilize in Q3, Growth Seen in 2026
SGB Update
ICSC Sees Uptick in Thanksgiving Weekend Spending
ICSC’s 2025 Thanksgiving Weekend Intentions Survey found that consumers expect to spend an average of $542 over the five-day period, November 27-31, up 2.5 percent from $529 last year. Millennials are expected to outspend all other generations, with an average spend of $764 per person.
Armasight Expands U.S. Manufacturing Capabilities
Armasight, the maker of thermal and night vision scopes, optics and goggles, announced that it has expanded its facility footprint in Tempe, AZ by more than 10,000 square feet and increased its in-house machining and testing capabilities, “resulting in a 25 percent boost in production throughput.”
Compass Diversified’s Lugano Subsidiary Files for Bankruptcy
Compass Diversified (CODI), the parent of BOA, Primaloft, 5.11, and Velocity Outdoor, reported that its jewelry subsidiary, Lugano Holding, Inc., has filed for Chapter 11 protection under the U.S. Bankruptcy Code. CODI said it continues to work constructively with lenders and bondholders to ensure flexibility as it finalizes its financial restatements and regains compliance with the Securities and Exchange Commission.
S&P Cuts Debt Ratings Outlook at Winchester Ammo’s Parent to Negative
S&P Global Ratings said Olin’s Winchester Ammo segment has seen the most dramatic deterioration thus far in 2025 (EBITDA down 58 percent) as the sector has faced weak consumer demand and high channel inventory, making it difficult for ammunition producers to pass on the rising cost of copper and propellant.
Circana Sees 2 Percent Growth In October U.S. Retail Revenue
Noticing U.S. continued consumer resilience “to demonstrate their resiliency and flexibility in navigating the challenges facing them,” Circana, LLC. reported U.S. retail dollar sales revenue grew 2 percent while unit demand remained flat during the four weeks of November compared to the same time in 2024.
SGB Executive
EXEC: Patagonia Publishes Fiscal 2025 Sales Figures, Spot Checks Business Against Key Goals
According to Patagonia’s first Impact Report, “Work in Progress Report 2025”, Patagonia had sales of $1.47 billion in its fiscal year ended April 1, 2025, with 61 percent of sales sold in the U.S. versus 39 percent internationally.
EXEC: The BasicNet Group Adds Woolrich to Brand Family in €40 Million Acquisition
The operation involves the acquisition through a company wholly owned by BasicNet, of the rights to the Woolrich brand for Europe and of 100 percent of Woolrich Europe SpA, the company that handles its distribution and retail. Revenues for the 2025 financial year are forecast be ~€90 million and total Enterprise Value is set at €90 million.
EXEC: Globeride Lowers FY Outlook Due to Pricing Pressures
Globalride, the maker of golf and fishing products, reported flattish global sales and earnings in the fiscal first six months through September 30, with increasing profits in its home market of Japan offsetting declines in the Americas and Europe. The Japanese firm lowered FY guidance for the year due to “energy and commodity prices.”
EXEC: Yeti’s Q3 Stymied by Weak U.S. Wholesale Sell-Ins Despite Robust Sell-Throughs
Yeti Holdings, Inc. reported that its earnings, on an adjusted basis, decreased 18 percent in the third quarter, as gross margins were impacted by higher tariff costs. Sales increased 2 percent, with growth restrained by inventory constraints tied to its efforts to move production outside of China and conservative wholesale orders.
EXEC: Merrell and Saucony Can Only Watch as Parent’s Stock Falls on Soft Outlook
Shares of Wolverine Worldwide fell $5.36, or 24.2 percent, to $16.72 after the company reported Q3 results that beat expectations, but provided fourth-quarter guidance that was below analyst targets. During an analyst call, Chris Hufnagel, President and CEO, remained bullish on the prospects for Saucony and Merrell, indicated that Sweaty Betty is starting to recover, and stated that footwear industry veteran Justin Cupps was hired to turn around the Wolverine brand and work on the group business.
